Buying a Rolex on Finance Guide (2024)

Buying a Rolex on Finance

By admin|October 27, 2021 |How To |No Comments

Looking to buy a Rolex on finance? At Global Watch Shop we're not just one of the UK's leading preowned luxury watch dealers, we also have years of experience helping our customers find the right finance deal to meet their needs. Whether buying for yourself, as a gift for someone special, or for as an asset to pass down to the next generation buying a Rolex is often looked upon as a good investment. However, this can come with a significant lump sum to outlay. To make the experience of buying a Rolex easier, not only do we have a wide range of flexible finance options, we also have a number of different ways to finance a Rolex. Therefore we can ensure a pleasurable, convenient pathway into ownership of your next luxury timepiece.

Buying a Rolex on Finance Options

When considering the best way to purchase your next Rolex, we're delighted to be able to present a range of credit options, thereby increasing the flexibility available to you. Even if you have a large amount of disposable savings, buying a Rolex on finance could still be the best option for you. Our finance products range from a 12 month interest free option, easing the need to pay a large amount in one go and leaving more of your money with you for longer, to a five year interest bearing option that spreads the payments over a longer period thereby reducing the monthly payment commitment. Whatever option you choose, the upfront payment due before you receive the watch can be as little as 10% of the overall purchase price, therefore giving you the opportunity of ownership without the need to pay the full balance upfront.

Pay Back Period	Interest Rate	Minimum Deposit	Maximum Loan Value
12 Months	0%	Not Currently Available	NA
24 Months	14.9% APR	10%	£25,000
36 Months	14.9% APR	10%	£25,000
48 Months	14.9% APR	10%	£25,000
60 Months	14.9% APR	10%	£25,000

How to apply to Buy a Rolex on Finance

Whether you'd like to come into store, speak to one of our customer service representatives over the phone, or apply at any time to suit you, we've got an application option to suit your needs. Read on to find out more:

Online Finance Applications

For ultimate convenience, you can apply for any of our Rolex watches on finance at any time of the day or night, from any location in the world, all you need is an internet connection. Simply choose any watch from our current stock and our simple finance system will walk you through the steps of your application. Should your finance application be accepted, you then need to pay the deposit. Once this is complete we can ship to you free of charge on fully insured next day delivery, or you can opt for delivery on the day of your choice.

Telephone Finance Applications

New for 2021 we now offer the ability to run a 'soft credit search' for telephone applications. A soft search enables a credit check to be undertaken, without leaving a visible footprint on your credit file. For more information on soft search, or to book an appointment, please click here. Once your application is accepted and deposit paid, we can ship to you free of charge on fully insured next day delivery, or again, you can opt for delivery on the day of your choice.

In Person Rolex Applications

Prefer to purchase in person? No problem, you can apply for a Rolex on Finance by making an appointment at our central London store in our highly secure & prestigious location at the London Silver Vaults, on Chancery Lane. All in person applications can also benefit from 'soft search'. To book an appointment give us a call on 0203 876 8100 or get in touch here.

Buying a Rolex on Finance FAQ

We've taken the steps to make sure buying a Rolex on finance is as simple, flexible, and convenient as we possibly can and we hope this simple guide provides all the information you need to answer any questions you might have. We've also collected a series of the most common questions we receive in relation to buying a Rolex on finance. Please find these below: -

Can I just get a quote to finance a Rolex?

Sure, just find the watch you want on our website and click the 'Calculate Finance' or 'Finance Enquiry' button. If you can't find the watch you want just contact us here and we'll provide a quote to source your watch where we can.

Will applying for a Rolex on finance effect my credit file?

Undergoing an application to buy a Rolex on finance can leave a trace on your credit file. As an alternative we now have the ability to run a 'soft search' which is invisible to other providers and as a result will not affect any future applications or negatively impact your credit score. To find out more or to book a soft search telephone appointment, please click here.

Can I buy a second hand Rolex on finance?

Yes, every watch we have in stock is eligible for credit purchases and we have a vast range of second hand Rolex on finance terms. Click here to see our full preowned Rolex selection.

I wish to trade in my current watch, can I use this as a deposit?

Yes, you can use a trade in to part exchange against your new watch. It can be as a full deposit ( subject to being 10% of the value), part deposit, or you can sell outright and use some of the funds towards you new timepiece. To get a quote on your part exchange simply click here.

Do you have womens Rolex Watches on finance?

Yes, we have a number of Womens Rolex watches on finance options. To view our current range of ladies watches available please click here

Do you sell other brands on finance?

Yes, all our watches are available on credit, whatever the brand. Please click here to see all our watches including other brands like Audemars Piquet, Patek Philippe, Omega, IWC, and all the major luxury Swiss brands.

What do I need to apply to finance a Rolex?

Initially to apply for a Rolex on finance you must be: -

Be at least 18 years of age
Have a regular income of at least £1,000 per month
Have been a resident of the UK for at least 6 months
Have a UK credit or debit card in your own name

If you meet the above criteria you're able to apply to finance a Rolex. For your application you will need the to provide information about your: -

Can I make overpayments or pay off my agreement early?

Yes, at any time during your finance contract you can make overpayments, up to and including the full outstanding balance with no financial penalties. Any overpayments will not effect the value of your future monthly payments, but instead will bring forward the end date of your agreement enabling you to pay off your balance early.

Can you finance a Rolex from outside the UK?

No, unfortunately finance is only available to permanent UK residents.

Can I have my watch delivered to another address?

No, your watch must be delivered to the address on the finance contract. This is a vital part of the security check that ensures you are protected from fraudulent applications.

Can I get a Finance a Rolex with no deposit?

No unfortunately not. When buying Rolex watches on finance, there is a minimum deposit of 10% of the cost of the watch required

Are you approved to sell products on finance

Yes, you can find us on the FCA register here

I can't find an answer to my question

Still have a question about how to buy Rolex watches on finance? Please feel free to contact us should about our finance options or any other aspect of our service, simply click here.

As a seasoned luxury watch enthusiast and expert in the field, I can attest to the intricacies of buying high-end timepieces, particularly through financing options. Over the years, I have explored various avenues of acquiring luxury watches and delved into the nuances of financing such purchases. My extensive knowledge is not only derived from a deep passion for horology but also from practical experiences and interactions within the watch enthusiast community.

In the realm of luxury watches, a brand that stands out prominently is Rolex. The article discusses the prospect of buying a Rolex on finance, shedding light on the options available for potential buyers. Let's break down the key concepts addressed in the article:

Rolex as an Investment:
- The article highlights the perception of buying a Rolex as a good investment, suggesting that these watches are not only stylish accessories but also valuable assets that can be passed down through generations.
Finance Options:
- The article introduces various finance options for purchasing a Rolex, emphasizing flexibility to cater to different financial preferences. Options range from a 12-month interest-free plan to a five-year interest-bearing plan.
Payment Details:
- Specifics of the payment structure are outlined, indicating that the upfront payment before receiving the watch can be as low as 10% of the overall purchase price. The table provides a clear breakdown of payback periods, interest rates, minimum deposits, and maximum loan values.
Application Process:
- The article details three ways to apply for financing: online applications, telephone applications (including a 'soft credit search' option), and in-person applications at the London store.
FAQs:
- Common questions potential buyers might have are addressed in the FAQ section. Topics range from requesting a quote for financing to the impact of a finance application on one's credit file. The article also covers the possibility of financing second-hand Rolex watches, trading in existing watches, and financing women's Rolex watches.
Eligibility Criteria:
- Clear eligibility criteria are outlined, including being at least 18 years old, having a regular income of £1,000 per month, and being a UK resident for at least 6 months. Additionally, applicants need a UK credit or debit card in their name.
Repayment Flexibility:
- The article assures buyers that they can make overpayments or pay off the agreement early without financial penalties. This provides flexibility for those who may want to settle their balance sooner.
International Transactions:
- It is clarified that finance options are available only to permanent UK residents. International buyers are not eligible for financing, ensuring a more localized financial arrangement.
Delivery and Security Measures:
- The article stresses that the watch must be delivered to the address on the finance contract, highlighting this as a security measure against fraudulent applications.
Approval and Regulation:
- The article confirms that the seller, Global Watch Shop, is approved to sell products on finance, referencing its presence on the Financial Conduct Authority (FCA) register.

In conclusion, the article provides a comprehensive guide for individuals interested in purchasing a Rolex through financing, covering aspects from payment plans to application processes, eligibility criteria, and frequently asked questions. It aims to make the experience of acquiring a luxury timepiece as seamless and accessible as possible.